Government Revises The Definition Of MSME – Free PDF Download

• But credible and precise details of investments were not easily available by authorities.
• February 2018- “Annual turnover”

BENEFITS FOR COMPANIES UNDER MSME

• The bank loans become cheaper as the interest rate is very low.
• Various tax rebates offered to MSME.
• Many government tenders are only open to the MSME
• Higher preference for government license and certification.

WHY MSME ARE IMPORTANT?

• The MSME sector contributes-
• 45% of India’s Total Industrial Employment, 50% of India’s Total Exports,
• 95% of all industrial units of the country,
• More than 6000 types of products are manufactured in these industries

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